Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

PART AIdentification Methods for All Reporting Entities

Identification Product Method

• 1 This method of ascertaining a person’s identity consists of referring to an independent and reliable identification product that is based on personal information in respect of the person and a Canadian credit history of the person of at least six month’s duration.

Credit File Method

• 2 This method of ascertaining a person’s identity consists of confirming, after obtaining authorization from the person, their name, address and date of birth by referring to a credit file in respect of that person in Canada that has been in existence for at least six months.

Attestation Method

• • 3 (1) This method of ascertaining a person’s identity consists of obtaining an attestation from a commissioner of oaths in Canada, or a guarantor in Canada, that they have seen one of the documents referred to in paragraph 64(1)(a) of these Regulations. The attestation must be produced on a legible photocopy of the document (if such use of the document is not prohibited by the applicable provincial law) and must include

    • (a) the name, profession and address of the person providing the attestation;

    • (b) the signature of the person providing the attestation; and

    • (c) the type and number of the identifying document provided by the person.

  • (2) For the purpose of subsection (1), a guarantor is a person engaged in one of the following professions in Canada:

    • (a) dentist;

    • (b) medical doctor;

    • (c) chiropractor;

    • (d) judge;

    • (e) magistrate;

    • (f) lawyer;

    • (g) notary (in Quebec);

    • (h) notary public;

    • (i) optometrist;

    • (j) pharmacist;

    • (k) professional accountant (APA [Accredited Public Accountant], CA [Chartered Accountant], CGA [Certified General Accountant], CMA [Certified Management Accountant], PA [Public Accountant] or RPA [Registered Public Accountant]);

    • (l) professional engineer (P.Eng. [Professional Engineer, in a province other than Quebec] or Eng. [Engineer, in Quebec]); or

    • (m) veterinarian.

Cleared Cheque Method

• 4 This method of ascertaining a person’s identity consists of confirming that a cheque drawn by the person on a deposit account of a financial entity, other than an account referred to in section 62 of these Regulations, has been cleared.

Confirmation of Deposit Account Method

• 5 This method of ascertaining a person’s identity consists of confirming that the person has a deposit account with a financial entity, other than an account referred to in section 62 of these Regulations.

PART BIdentification Methods for Credit Card Accounts

Identification Product Method

• 1 This method of ascertaining a person’s identity consists of referring to an independent and reliable identification product that is based on personal information in respect of the person and a Canadian credit history of the person of at least six month’s duration.

Credit File Method

• 2 This method of ascertaining a person’s identity consists of confirming, after obtaining authorization from the person, their name, address and date of birth by referring to a credit file in respect of that person in Canada that has been in existence for at least six months.

Independent Data Source Method

• 3 This method of ascertaining a person’s identity consists of consulting a reputable and independent database that is compiled from a directory of a telecommunications entity and that contains the names, addresses and telephone numbers of individuals in order to confirm the person’s name, address and telephone number.

PART CIdentification Methods for Credit Card Account Applicants with No Credit History in Canada

Independent Data Source Method

• 1 This method of ascertaining a person’s identity consists of consulting a reputable and independent database that is compiled from a directory of a telecommunications entity and that contains the names, addresses and telephone numbers of individuals in order to confirm the person’s name, address and telephone number.

Utility Invoice Method

• 2 This method of ascertaining a person’s identity consists of obtaining a utility service invoice that is issued by a Canadian utility provider in the name of the person and that includes their address.

Photocopy of an Identification Document Method

• 3 This method of ascertaining a person’s identity consists of obtaining a legible photocopy or electronic image of a document referred to in paragraph 64(1)(a) of these Regulations in respect of the person.

Deposit Account Statement Method

• 4 This method of ascertaining a person’s identity consists of obtaining a legible photocopy or electronic image of a deposit account statement issued by a financial entity in the name of the person.